Analyzing Project Management Role in Business Analysis for Sainsbury's

This project analyzes the crucial role of project management in business analysis, focusing on its significance and benefits for organizations, using Sainsbury's as a case study. The research explores the theoretical background of project management, defining its key characteristics and distinctions from general management. The study aims to analyze the role of project management, identify challenges, and propose solutions, while also reviewing previous research for better business analysis. The project methodology encompasses various research approaches, including literature review, data interpretation, and evaluation of findings. The literature review highlights how project management provides a systematic approach to achieve business objectives, emphasizing the importance of adapting to industry trends. It also covers challenges in project management, such as team management and cost control. The project emphasizes the importance of project management in ensuring projects are delivered on time and within budget, and how effective project management can enhance productivity and maximize the rate of return. The project highlights the significance of project management in business analysis and its role in improving competitiveness. The project concludes with recommendations for businesses to enhance their project management practices for improved outcomes.

Project Management In
Business Analysis
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ABSTRACT
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Contents
ABSTRACT.....................................................................................................................................2
TITLE: “Role of project management in business analysis and its benefits to organisation”.........4
1. INTRODUCTION.......................................................................................................................4
Theoretical background..........................................................................................................4
Aims and objectives...............................................................................................................5
Research Questions................................................................................................................5
Significance of the study........................................................................................................5
Scope of the study..................................................................................................................6
2. LITERATURE REVIEW............................................................................................................6
Role of project management in analysis of business..............................................................7
Challenges and propose their solution in project management..............................................7
Review of previous studies and analysis of the ideas and suggestion for better business
analysis...................................................................................................................................7
3. RESEARCH METHODOLOGY.................................................................................................7
Research Philosophy..............................................................................................................7
Research Approach.................................................................................................................7
Research Design.....................................................................................................................7
Research Strategy...................................................................................................................7
Data Collection Method.........................................................................................................7
Sampling.................................................................................................................................7
Ethical Considerations............................................................................................................7
Limitations of Study...............................................................................................................7
4. INTERPRETATION OF DATA, RESULTS AND FINDINGS.................................................7
5. EVALUATION OF FINDINGS..................................................................................................7
6. CONCLUSION............................................................................................................................7
7. RECOMMENDATIONS.............................................................................................................7
8. REFLECTION.............................................................................................................................7
REFERENCES................................................................................................................................9
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TITLE: “Role of project management in business analysis and its benefits to
organisation”
1.INTRODUCTION
Project management is stated as the ability to plan, organise, secure, manage, lead and control
the resources so that specified goals of project are met. Project management add value and
benefit to the business entity and thus, it is utilised in retail businesses so as to mitigate the
defined goals and objectives of project with primary constraints such as quality, time, scope and
budget honoured (Picciotto, 2020). The retail sector is going through various transformation
which is stated as apocalypse by most individuals in the industry. Retailers in the sector thus
have keys of transformation in business as well as one of the critical ideas is the way to manage
as well as deliver projects in a modern and outstanding way. Since, the application of project
management in the sector, the most successful project in retail have reaped great fruits. When it
is utilised to rightfully in the business, it can deliver many benefits in terms of reducing the
expenditure, increase in sales and many more. Sainsbury's is one of the leading supermarket
chain in the retail sector of United Kingdom. The company was founded in year 1869, around
151 years ago and its headquarters are located in Holborn, London. The founder of the
organisation was John James Sainsbury and the company serve its products all over the United
Kingdom. There is a lot of competition in the market which makes it important for organisation
to execute project management which is consistent, flexible and brings creativity. It helps the
company in gaining competitive advantage in the market over the rivals and delivering the goals
on time along with realising benefits. This project intent to analyse the role of project
management in business analysis and its benefits to organisation.
Theoretical background
Project management is defined as the execution of processes, knowledge, skills, experience and
methods in order to accomplish the objectives of project as per the acceptance criteria within the
specified and agreed parameters. It has final deliverables which are constrained to finite budget
and timescale (Ika and et. al., 2020). The mean factor which distinguish project management
from simple management is that it has final deliverables as well as finite time span, unlike the
management which is a continuous process. Due to this, it is necessary for the project
management professionals to have wide range of technical skills, management skills as well as
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awareness of business. The business analysis and project management are the disciplines which
are becoming more strategic for many organisations. The project management emphasize on
creation of service, product or result of project to mitigate its objectives. On the other hand, the
business analysis aims to understand the needs of stakeholders of business and at defining the
characteristics or features of solution to mitigate those needs (Larsson and Larsson, 2020). By
the integration of project management and business analysis, an organisation can accomplish
superior project performance in terms of standpoint of realisation of the deliverables of project
and from business value creation.
Aims and objectives
Research aim:
The key aim associated with this project is “To analyse the role of project management in
business analysis and its benefits to organisation. A case study on Sainsbury’s”
Research Objectives:
The objectives in relation to this particular research study are as follows:
1. To analyse the role of project management in analysis of business.
2. To identify the challenges and propose their solution in project management.
3. To review the previous studies and analyse the ideas and suggestion for better business
analysis.
Research Questions
The research questions related to this particular study are as follows:
1. What is the role of project management in analysis of business?
2. What are the challenges and propose their solution in project management?
3. What are the previous studies suggesting and analyse the ideas and suggestion for better
business analysis?
Significance of the study
This project aims to examine the role of project management in business analysis as well
as its benefits to organisation. Carry out study on this topic is very significant as this help
researcher in gaining proper understanding of the topic along with the different aspects
associated with topic. It assists in gaining deep insights and knowledge about the role of project
management in analysis of business. By the assistance of this research study, the different
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challenges and their solutions can be identified. Apart from this, for analysing the suggestions
and ideas for better business analysis, performing this research is very helpful. It is significant
for organisation in terms of improving its sells and profits and gaining competitive advantage in
market.
Scope of the study
The scope of this study is very wide as it is beneficial for both organisation as well as
researcher. This study is not only beneficial for organisational purpose, but for academic purpose
also. It acts as base for other scholars to carry on further research on the topic. The research
study will be assistive for organisation to determine the future benefits of introducing project
management within the organisation. It will also help in determining different ways for better
analysis of business.
2. LITERATURE REVIEW
Literature review is the process of reviewing the articles and journals and scholarly papers which
presents current knowledge involving substantive findings and theoretical contributions to a
specific topic (Akkermans and et. al., 2020). The main purpose of performing literature review
is to acquire an understanding of existing study and debates related to specific topic and study
area, and to present that in the form of written report. In this, the viewpoints of different authors
are compared and gaps in the studies are analysed. The literature review in relation to the study is
provided below:
Role of project management in analysis of business
According to the view point of Sońta-Drączkowska and Mrożewski, 2020 project
management is about the utilization of aptitudes, information, devices, and methods to extend
exercises to meet task prerequisites. In addition to this, it has been evaluated that it includes
different strategies, standards, and methodology to control a venture from the underlying stage
until its consummation. Project management plays most important part for analysis of business
as it provides systematic application of project through which business organisation can
accomplish their objectives in a well define and effective manner. According to the evaluation it
has been evaluated that the importance of project management is changing as time passes. It is
urgent to stay up with the patterns on the off chance that a business is keen on understanding the
advantages of task the board. It has been evaluated that with the help of arranging activities or
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having good project management, business can guarantee the work is conveyed on schedule and
inside spending plan (Larsson and Larsson, 2020). Utilizing project the executive’s strategies,
business plan venture's excursion from the beginning. It has been underlined that with the help of
effective project management business can assure more effective growth and development.
According to the analysis it has been determined that with the help of project management
business can have clear records of the manner in which task is advancing. In addition to this, it
has been underlined that with the help of project management business can have more profound
comprehension of where their assets are being spent. Along with this, project management
allows business to organize and when. In addition to this, it has been identified that, project
management help business to enhance high performance of high level. Furthermore, it has been
underlined that with the help of project management business can utilize the information and
learning’s from past project business can pinpoint where team is dominating and can further
identify the opportunity to get better. Furthermore, by estimating KPIs business can make and
track customized benchmarks to see the manner in which group is performing project over task.
In addition to this, it has been determined that organisations are continually measuring
confronting new difficulties and openings. The world and commercial center is quick moving
and loaded up with vulnerabilities and open doors for development. Thus, it has been determined
that negligence of project management will lead organisations to end up suffocating in an
expanse of bombed ventures and cycles with not many alternatives of salvation. Thus, it is
essential for organisation to pay attention to extend the effectiveness of project management in
order to conduct business operations in a well define and effective manner (Willemsen, Pollack
and Algeo, 2020). In addition to this, it has been evaluated that project management intends to
separate the project tasks in small and manageable parts and to allot those assignments to
individual colleagues. It leads towards accomplishing project within time effective manner
through which business can enhance their productivity in a well define and effective manner.
Furthermore, according to the analysis it has been determined that with the help of effective
project management business can control the overall cost of project of and can further ensure that
they are keeping on target and inside financial plan. Project management is playing significant
role for an organisation as it has been determined that project management is playing important
role for an organisation through which business can emphasise upon effective elements of
project and can accomplish time in effective manner. In addition to this site has been identified
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that with the help of project management allow company to conduct project management
activities and task in proper time framework. In addition to this according to the analysis it has
been identified that project management effectively allow organisation to maximise overall rate
of return with the help of reducing company cost. This has determined that with the help of
project management company can conduct their project task and activities with the utilisation of
resources with full extent. Furthermore according to the analysis that has been determined that
project management is having significant importance in business analysis as with the help of this
organisation can significantly and maximize their overall profitability as well as capability to
acquire more rate of return in a well-defined an effective manner. With the help of project
management company can significantly maximize its project management effectiveness and can
further assure more competitive advantages as compared to other rivals in respective industry
It is essential for business organisation can significantly undertake expectations through
which projects can be done in a well define and effective manner (Kurniawan and et. al., 2020).
In addition to this, it has been determined that with the help of project management organizations
can ensure more competitiveness and can effectively arrange or oversee time, assets and
individuals, controlling expenses and observing task progress. Thus, as per according to the
above mentioned analysis it has been determined that project management plays most important
role for business analysis through which systematic accomplishment of project activities can be
done through which business can assure high growth and development.
Challenges and propose their solution in project management
As per the view point of Chindhy and et. al., 2020 there are number of challenges that business
can face in the process of project management. These challenges can affect smooth
implementation of project management objective that later effect project effectiveness. It has
been identified that challenges can be in terms of keeping all the individuals within workplace
organisation or team on the same page. This challenge effects organisation in number of ways, as
according to the view point... it has been identified that each and every individual is having
different perception and prospective towards an idea or aspect. In this organisation can face
challenges to align their behavioural mind set on same page. In addition to this inefficient team
skills is the major challenge that also affect project management activities or objectives of
business, as it has been determined that each and every individual is not having effective skills
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and the required knowledge on the project along with this is due to the changing trends and
techniques. It is essential for organisation to emphasize upon providing efficient team skills to
each and every individual (Appel and Pipa, 2017). This is the one of the most effective strategy
that allows organisation to overcome the challenge of ineffective team skills. In addition to this
budgeting issue is also act as the major challenge which is required to be overcome.
Furthermore, effective communication and lack of engagement of clients and stakeholders also
act as a major challenge. However according to the analysis it has been identified that with the
help of engaging client and stakeholders in project management stages business can undertake
their feedback. It not only enhances transparency but also allow organisation to implement
project management strategies on objectives in a well defined and effective manner.
Furthermore, according to the analysis it has been identified that with the help of proposing
strong communication strategy organisation can guide individuals in an effective manner. In
addition to this leadership also play a significant role in this business with the help of having
strong leadership within workplace structure can provide effective guidance and motivation to
individuals, Furthermore, it has been identified that leadership also allow businesses to influence
behavioural mindset of individuals through which company can keep align individuals on the
same page. Thus according to the above thus according to the above mentioned analysis it has
been identified that there are some certain form of challenges of project management that can
affect project management objectives of an organisation. However with the implementation of
different strategies company can overcome these challenges in a well defined and effective
manner and can further conduct project management activities with more effectiveness. With the
help of overcoming these challenges in time effective manner business can enhance their overall
profitability and productivity in a well-defined an effective manner. Along with is it also allow
organisation to significantly enhance their overall profitability and maximize project
management effectiveness (Katikireddi and Reilly, 2017). Project management play essential
role thus, it is essential for organisation to determine different type of project deliverables and
implement effective project management strategies.
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Review of previous studies and analysis of the ideas and suggestion for better business analysis
As per the review of Lu, Wang and Hong, 2020 previous study and analysis of the ideas it has
been identified and suggested to business is that it is essential for them to undertake advantage of
effective strategies and review past project reports in effective manner. It will allow organisation
to effectively emphasize upon those elements in which business lacks in. In addition to this it has
been identified that with the help of undertaking effective solutions such as strong leadership,
effective communication, engagement of stakeholders, clear goals and objectives, project
management tools and techniques and more are the significant measures through which better
business analyst can be assured (Ramachandran and Neelakrishnan, 2020). It has been identified
that project management is playing most important role for company growth and success that
allow organisation to accomplish that project management task and objectives in proper time
frame and under stipulated cost. Thus, it is essential for organisation to effective emphasise upon
project management elements. In addition to this business is also required to emphasize upon the
elements and factors that a prevailing in business environment and further develop strategies
accordingly. It will significantly facilitate organisation to enhance overall growth and
development with more effectiveness. Thus according to the analysis it has been identified that
with the help of emphasizing upon certain aspects and remaining elements organisation can
conduct project management activities with more efficiency. In addition to this organisation is
also suggested to undertake regular monitoring of each and every project stage and evaluate to
check management guide on continuous manner (Farrell and Sunindijo, 2020). It will maximize
organisation capability to conduct project management task with more effectiveness.
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3. RESEARCH METHODOLOGY
Research Philosophy
A research philosophy is an important aspect as it helps in framing a format in which all
the information about a specific task can be gathered in such a way so that it can prove beneficial
for the overall working of the management in an appropriate manner and that too within a short
period of time. There are a number of types of research philosophy which proves handy and all
of them are explained in an elaborated way below-
 Pragmatism- It is a philosophy in which all the focus is on the individual that takes
decisions which are in accordance with the real life situations and can be said that
decisions are mostly practical in this aspect of philosophy. In it various research inquiries
are made so that it can help in solving out the problematic issues that the firm is facing by
taking appropriate decisions.
 Positivism- It is a philosophy which is related with the scientific study of all the factors
using past facts and figures so as to come to a conclusion that will benefit the overall
working environment (Appel and Pipa, 2017).
 Realism- As its name suggests this philosophy is based on applying realistic approaches
towards a particular project or a research as in it a person applies the knowledge so as to
come to a conclusion which can prove beneficial in the long run.
 Interpretivism- This philosophy is also known as Interpretivist in which interpretation of
the activities are done so as to analyse and evaluate the true picture which can help in
increasing and improving the current conditioning of a firm.
Primary research-
Primary data collection method is a kind of information assortment technique in which
specialist gather information from new sources. It is mostly referred to as first time information
as in this scientist procure data on direct premise, for this researcher attempt utilization of
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various techniques like perception, meet, online review and more . It has been recognized that
essential exploration information assortment techniques require additional time and cost.
Secondary research-
In secondary source of data collection method examiner take part during the time spent gaining
information from previously existing sources that generals, articles, distributed report, web and
more. With the assistance of this source of data collection method, investigator gain information
in time effective manner (Meredith and et. al., 2020). It has been distinguished that secondary
data collection technique is time as cost effective for gathering data and information.
To accomplish present research investigator undertake use of both primary and secondary
source to collect data from different sources. Main aim behind this is to accomplish your search
with more accurate and effective data.
Quantitative research-
In context with quantitative approach researcher take part during the time spent deciding
information which is fundamentally portrayed in mathematical just as factual term. In this
technique specialist embrace utilization of perception meetings and overviews.
Qualitative research-
In this research methodology examination agent procure information which is spoken to in non-
mathematical structure. Fundamental point behind this is to successfully get sentiments,
experience and idea of person (Iqbal and et. al., 2020). This examination adequately permit
specialist to have top to bottom inside with the assistance of open-ended questions, literature
review and more.
In order to accomplish present research investigator undertake advantage of qualitative
method in order to evaluate attitude and differences of respondents
Questionnaire:
Questionnaire involves distinctive sort of inquiries are being detailed by researcher which
is needed to be asked from certain gathering of chosen respondents. Principle point behind this is
to assess their perspective and insight towards the theme, as to lead present examination
investigator selected 20 respondents those who are workers of organization.
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